H World Group Limited Sponsored ADR $HTHT Shares Bought by Triata Capital Ltd

Key Points

• Triata Capital Ltd significantly increased its stake in H World Group Limited Sponsored ADR by 38.6%, owning 290,035 shares after acquiring an additional 80,822 shares.
• Shares of H World Group opened at $33.07 with a market capitalization of $10.15 billion and a current consensus rating of "Moderate Buy" from analysts.
• JPMorgan Chase & Co. has lowered their price target for the stock from $43.00 to $42.00, maintaining an "overweight" rating.

Triata Capital Ltd grew its holdings in H World Group Limited Sponsored ADR (NASDAQ:HTHT - Free Report) by 38.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 290,035 shares of the company's stock after acquiring an additional 80,822 shares during the period. H World Group accounts for approximately 2.4% of Triata Capital Ltd's holdings, making the stock its 9th largest position. Triata Capital Ltd owned about 0.09% of H World Group worth $10,734,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in H World Group by 4,554.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,684,748 shares of the company's stock worth $432,453,000 after purchasing an additional 11,433,692 shares in the last quarter. Capital Research Global Investors bought a new position in shares of H World Group in the 4th quarter valued at approximately $307,715,000. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of H World Group by 2,301.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,926,818 shares of the company's stock valued at $145,332,000 after acquiring an additional 3,763,295 shares in the last quarter. Temasek Holdings Private Ltd lifted its holdings in H World Group by 87.2% in the 4th quarter. Temasek Holdings Private Ltd now owns 4,117,528 shares of the company's stock worth $136,002,000 after purchasing an additional 1,917,528 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its position in H World Group by 625.5% during the fourth quarter. Nuveen Asset Management LLC now owns 2,136,770 shares of the company's stock worth $70,578,000 after purchasing an additional 1,842,244 shares during the period. Institutional investors own 46.41% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on shares of H World Group from $43.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, H World Group has an average rating of "Moderate Buy" and an average price target of $40.80.

H World Group Price Performance

Shares of NASDAQ:HTHT traded up $0.31 on Friday, hitting $36.24. The stock had a trading volume of 1,807,881 shares, compared to its average volume of 2,036,989. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 1.70 and a beta of 0.47. H World Group Limited Sponsored ADR has a twelve month low of $28.27 and a twelve month high of $42.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.88 and a current ratio of 0.88. The firm's 50 day moving average price is $33.18 and its 200-day moving average price is $34.74.

H World Group Dividend Announcement

The firm also recently declared a semi-annual dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 9th will be issued a dividend of $0.79 per share. This represents a yield of 480.0%. The ex-dividend date of this dividend is Tuesday, September 9th. H World Group's dividend payout ratio (DPR) is currently 114.46%.

About H World Group

H World Group Limited develops leased and owned, manachised, and franchised hotels in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, CitiGO Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, Joya Hotel, Blossom House, Steigenberger Hotels & Resorts, MAXX by Steigenberger, Jaz in the City, Grand Mercure, Steigenberger Icon, and Song Hotels.